Market Whales and Their Recent Bets on ISRG Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish stance on Intuitive Surgical (NASDAQ:ISRG) through recent options trades, with a significant volume of bearish options activity detected. The sentiment among these investors is predominantly bearish, with a notable split of 25% bullish and 75% bearish. The trading activity suggests an expected price range for ISRG between $355.0 and $410.0 over the next three months. Current market data shows ISRG's price slightly down by -0.4%, with an anticipated earnings release in 7 days. Analyst opinions on ISRG are mixed, with an average target price of $437.33, indicating potential upside.
April 11, 2024 | 6:16 pm
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Intuitive Surgical has seen significant bearish options activity, suggesting a short-term bearish outlook among high-rolling investors. However, analyst ratings provide a mixed but generally positive view, with an average target price suggesting potential upside.
The bearish options activity indicates a short-term negative sentiment among major investors, potentially impacting ISRG's stock price negatively in the short term. However, the positive analyst ratings and the upcoming earnings release could provide counterbalance, making the overall short-term outlook mixed but leaning towards bearish due to the weight of the options activity.
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